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    24 Hwy Peyton, CO 80831

    For Sale
    $13,000,000

    65.88 Acres, $13M Development Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 65.88-acre property presents a significant investment opportunity at a major intersection exiting Colorado Springs before reaching Falcon, CO. Strategically located within Colorado Springs city limits, this land offers unparalleled versatility and substantial development potential. Previously zoned R/CR, the property holds the possibility of commercial development, subject to necessary approvals and zoning verifications. The expansive acreage allows for a wide range of uses, making it ideal for ambitious projects. Buyers are encouraged to conduct their own due diligence regarding zoning and development possibilities. The property's prime location at a key crossroads ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence. Please note that property lines depicted in available photographs are approximate and should not be considered a formal survey. A professional survey is recommended for accurate boundary determination. This is a rare opportunity to acquire a large parcel of land with significant upside in a rapidly growing area. Serious inquiries only. The asking price is $13,000,000.

    Property Features for 24 Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    2,869,733 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Peyton
    County
    El Paso
    State
    Colorado
    Longitude
    -104.6267
    Latitude
    38.91344

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    FAQs

    What type of property is this?
    Commercial real estate - 65.88 Acres, $13M Development Potential
    Where is this commercial real estate located?
    The property is located at 24 Hwy Peyton, CO.
    What is the asking price?
    The asking price for this property is $13,000,000.
    (719) 447-7900
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    24 Hwy Peyton, CO 80831
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24 Hwy Peyton, CO 80831
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